Covid-19 threatens gains in health and education sectors: WB – Newspaper

ISLAMABAD: ‘Human Capital Index’, a new analysis published by the World Bank, says that the Covid-19 pandemic has threatened hard-won gains in health and education sectors over the past decade, especially in poor countries.

Investments in human capital — the knowledge, skills and health that people accumulate over their lives — are keys to unlocking a child’s potential and to improving economic growth in every country, according to the just-published Index.

The Index includes health and education data for 174 countries — covering 98 per cent of the world’s population — up to March 2020, providing a pre-pandemic baseline on the health and education of children.

Most nations made steady progress before pandemic in building human capital of children

The analysis shows that pre-pandemic most countries had made steady progress in building human capital of children with the biggest strides made in low-income countries. Despite this progress and even before

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Investec cuts jobs, retail rebounds, pound gains

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

Investec axes jobs

International banking giant Investec (INVP.L) said today that it’s planning to cut 210 jobs in London to “simplify and focus the business.” The statement was made as part of its trading announcement for the first half of the year.

The business added that a challenging economic backdrop, primarily caused by COVID-19, resulted in reduced economic activity and increased market volatility for the business.

Adjusted operating profit for the six months to the end of September was expected to be between 50 and 60 per cent behind the £175.6m ($228m) posted in the same period last year, the company said.

Retail sales registered their fourth month in a row of growth in August, the Office for National Statistics (ONS) said on Friday.

Spending in

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Pandemic threatens child education, health gains: World Bank

The coronavirus pandemic threatens to erase progress made in the last decade in improving child education and health, particularly in the poorest countries, the World Bank said on Wednesday.

The conclusion comes in the Washington-based development lender’s Human Capital Index for 2020, which ranks countries on how well children are prepared for the future, with an emphasis on factors like schooling and healthcare.

This year’s report shows that most countries, particularly poorer ones, have made steady gains in improving health and education prior to the pandemic.

Despite that, the bank said in a statement a child in a low-income country will likely achieve only 56 percent of their human capital compared to one with access to a complete education and full healthcare.

The indicator purports to measure the level in life that a child born today can hope to reach by age 18.

World Bank President David Malpass told reporters

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Gold gains as stocks retreat; U.S. jobs data in focus

(Reuters) – Gold prices rose on Friday, as U.S. Treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of U.S. non-farm payrolls data, but a strong dollar put bullion on track for a weekly decline.

FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo

Spot gold was up 0.2% at $1,935.10 per ounce by 0651 GMT, off a near one-week low hit on Thursday. Bullion prices have declined 1.5% so far this week.

U.S. gold futures rose 0.2% to $1,941.

“It’s a bit of a flight to safety right now that we are seeing in gold, because the stock markets are lower,” said Edward Meir, an analyst at ED&F Man Capital Markets.

“What also could be helping gold is the sharp slide we are seeing in U.S. yields.”

Asia’s stock

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Modest Gains Encouraging for Americans with Disabilities

August job numbers show improvement for Americans with disabilities, according to today’s National Trends in Disability Employment – Monthly Update (nTIDE), issued by Kessler Foundation and the University of New Hampshire’s Institute on Disability (UNH-IOD). Experts express caution due to the many factors that could affect economic recovery.

EAST HANOVER, N.J., Sept. 4, 2020 /PRNewswire-PRWeb/ — Kessler Foundation and University of New Hampshire nTIDE Report—featuring The Chicagoland Entrepreneurship Education for People with Disabilities (CEED) Project, an evidence-based, comprehensive entrepreneurship education and training program for people with disabilities and service providers in Illinois

August job numbers show improvement for Americans with disabilities, according to today’s National Trends in Disability Employment – Monthly Update (nTIDE), issued by Kessler Foundation and the University of New Hampshire’s Institute on Disability (UNH-IOD). Experts express caution due to the many factors that could affect economic recovery.

nTIDE COVID Update (month-to-month comparison)
In the Bureau of

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Mount Airy school system gains funding for pandemic-related bus safety pilot program | Local News

Mount Airy City Schools has been chosen for a pilot program aimed at making the school bus ride safer during the COVID-19 pandemic.

The third round of state COVID-19 relief legislation, which cleared the General Assembly in House Bill 1105 on Thursday, provides $115,000 to the state Department of Public Instruction to establish the Smart School Bus Safety pilot program.

The Mount Airy system was chosen in part because about 1,300 of its 1,700 students are being instructed in-class during the 2020-21 school year. About 500 students are bus riders, according to system Superintendent Kim Morrison.

The program would begin Nov. 23 and end on Jan. 1, 2024. The funding is required to be spent by Dec. 30. When the program concludes, the system would keep the equipment.

According to the bill, the purpose “is to transform and improve the transportation of public school students through technology in response to

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August jobs report preview: Economists expect job gains at slower pace

  • The median economist estimate for Friday’s US nonfarm payrolls report is that the economy added 1.37 jobs in August, according to Bloomberg data. 
  • That’s a slower pace of jobs gained than in previous months, signaling that the labor market recovery is faltering as the coronavirus pandemic persists. 
  • “We shouldn’t confuse some improvement with a economy that is roaring back,” Nick Bunker, an economist at Indeed, told Business Insider. 
  • Visit Business Insider’s homepage for more stories.

Economists expect that Friday’s August nonfarm payrolls report, set to be released by the Labor Department, will show that the pace of the recovery from the coronavirus pandemic has lost further momentum. 

The median economist estimate is that the US economy added back 1.37 million jobs in August, according to Bloomberg data. That’s less than the 1.8 million added in July and the 4.8 million added in June. Again, there is a wide range of

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